CFTC Chair Selig Warns Regulators Would Set Crypto Rules if Clarity Act Stalls

CFTC Chair Michael Selig warned that regulators will end up writing digital asset rules if Congress fails to pass the Clarity Act, after lawmakers missed a July 4 target. The House passed the legislation in July 2025, while the Senate continues negotiating its version. Galaxy Research cut its 2026 passage estimate to 50% from 60% in June.
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